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HOME Top Market Reports Low-Code Development Platform Market by Component (Solution and Services (Professional and Managed)), Deployment Mode, Organization Size, Vertical (Telecom and IT, BFSI, Government), and Region - Global Forecast to 2022

Low-Code Development Platform Market by Component (Solution and Services (Professional and Managed)), Deployment Mode, Organization Size, Vertical (Telecom and IT, BFSI, Government), and Region - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: January 2018
Report Code: TC 5873

 

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[116 Pages Report] The low-code development platform market size is expected to grow from USD 3.20 Billion in 2016 to USD 27.23 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 44.49% during the forecast period. The base year considered for the study is 2016 and the forecast period is 2017 to 2022. The objective of the study is to define, describe, and forecast the low-code development platform market on the basis of components (solution and services), deployment modes, organization sizes, application types, verticals, and regions. The study also analyzes the recent developments, such as partnerships, alliances, mergers and acquisitions, business expansions, new product developments, and Research and Development (R&D) that have taken place in the global market.

The research methodology used to estimate and forecast the low-code development platform market began with the collection and analysis of data on key vendor revenues through secondary sources, such as company websites, press releases, annual reports, and TechTarget reports. The vendor offerings were taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the total market size of the global market from the revenues of the key players. After arriving at the overall market size, the total market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with key people, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), directors, and executives. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and to arrive at the exact statistics for all the segments and subsegments. The breakdown of profiles of the primary is depicted in the figure below:

Low-Code Development Platform Market

To know about the assumptions considered for the study, download the pdf brochure

The low-code development platform market comprises key vendors, such as Appian (US), Salesforce (US), ServiceNow (US), AgilePoint(US), Bizagi (UK), Caspio (US), K2 (US), MatsSoft Limited (UK), Mendix (US), and OutSystems (US). These vendors provide low-code development platform solution and services to end-users to cater to their unique business requirements.

Key Target Audience

  • Low-code development platform providers
  • Platform integrators
  • IT) security agencies
  • System integrators
  • Cloud service providers
  • Security solution providers

Software vendors “Study answers several questions for the stakeholders, primarily which market segments to focus over the next 2–5 years for prioritizing the efforts and investments.”

Scope of the Report

The research report segments the low-code development platform market into the following submarkets:

By Component:

  • Solution
  • Services
    • Professional services
      • Training and development
      • Integration
      • Support and maintenance
    • Managed services

By Deployment Mode:

  • On-premises
  • Cloud

By Organization Size:

  • Small and Medium-sized Enterprises (SMEs)
  • Large enterprises

By Vertical:

  • Banking, Financial Services, and Insurance (BFSI)
  • Telecom and IT
  • Government
  • Energy and utilities
  • Manufacturing
  • Healthcare and life sciences
  • Retail and eCommerce
  • Media and Entertainment
  • Education
  • Others (travel and tourism, and transportation and logistics )

By Region:

  • North America
  • Europe
  • Asia Pacific (APAC)
  • Middle East and Africa (MEA)
  • Latin America

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Product Analysis

  • Product matrix that gives a detailed comparison of product portfolio of each company

Geographic Analysis

  • Further breakdown of the North American low-code development platform market
  • Further breakdown of the European market
  • Further breakdown of the APAC market
  • Further breakdown of the MEA market
  • Further breakdown of the Latin American market

Company Information

  • Detailed analysis and profiling of additional market players

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
    1.4 Years Considered for the Study
    1.5 Currency
    1.6 Stakeholders

2 Research Methodology (Page No. - 17)
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
                    2.1.2.1 Breakdown of Primaries
                    2.1.2.2 Key Industry Insights
    2.2 Market Size Estimation
    2.3 Research Assumptions
    2.4 Limitations

3 Executive Summary (Page No. - 23)

4 Premium Insights (Page No. - 26)
    4.1 Attractive Market Opportunities in the Low-Code Development Platform Market
    4.2 Market By Region, 2017 vs 2022
    4.3 Market By Vertical, 2017 vs 2022

5 Market Overview and Industry Trends (Page No. - 28)
    5.1 Introduction
    5.2 Regulatory Implications
           5.2.1 Payment Card Industry Data Security Standard (PCI DSS)
           5.2.2 Health Insurance Portability and Accountability Act (HIPAA)
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Organizations’ Need for Web and Mobile Apps for Their Business Processes
                    5.3.1.2 Increasing Api Offerings By Vendors
                    5.3.1.3 Proliferation of Smartphones Across Various Industries
           5.3.2 Restraints
                    5.3.2.1 Resentment From the Technical Teams in Organizations
           5.3.3 Opportunities
                    5.3.3.1 Ongoing Trend for Digitization in the IT Industry
                    5.3.3.2 Rising Demand for Software Automation and Innovative Applications
           5.3.4 Challenges
                    5.3.4.1 Need to Build the Customized Applications in Line With the Organizational Needs
    5.4 Innovation Spotlight

6 Low-Code Development Platform Market By Component (Page No. - 33)
    6.1 Introduction
    6.2 Solution
    6.3 Services
           6.3.1 Professional Services
                    6.3.1.1 Training and Development
                    6.3.1.2 Integration
                    6.3.1.3 Support and Maintenance
           6.3.2 Managed Services

7 Low-Code Development Platform Market By Application Type (Page No. - 41)
    7.1 Introduction
    7.2 Web-Based
    7.3 Mobile
           7.3.1 IOS
           7.3.2 Android
           7.3.3 Windows

8 Low-Code Development Platform Market By Deployment Mode (Page No. - 43)
    8.1 Introduction
    8.2 Cloud
    8.3 On-Premises

9 Low-Code Development Platform Market By Organization Size (Page No. - 47)
    9.1 Introduction
    9.2 Small and Medium-Sized Enterprises
    9.3 Large Enterprises

10 Low-Code Development Platform Market By Vertical (Page No. - 51)
     10.1 Introduction
     10.2 Banking, Financial Services, and Insurance
     10.3 Government
     10.4 Healthcare and Life Sciences
     10.5 Education
     10.6 Media and Entertainment
     10.7 Retail and Ecommerce
     10.8 Manufacturing
     10.9 Telecom and IT
     10.10 Energy and Utilities
     10.11 Others

11 Low-Code Development Platform Market By Region (Page No. - 60)
     11.1 Introduction
     11.2 North America
     11.3 Europe
     11.4 Asia Pacific
     11.5 Middle East and Africa
     11.6 Latin America

12 Competitive Landscape (Page No. - 79)
     12.1 Overview
     12.2 Prominent Players Operating in the Market
     12.3 Competitive Scenario
             12.3.1 New Product Launches
             12.3.2 Partnerships, Agreements, and Collaborations
             12.3.3 Business Expansions
             12.3.4 Mergers and Acquisitions

13 Company Profiles (Page No. - 84)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
     13.1 Appian
     13.2 Salesforce
     13.3 ServiceNow
     13.4 AgilePoint
     13.5 Bizagi
     13.6 Caspio
     13.7 K2
     13.8 MatsSoft
     13.9 Mendix
     13.10 OutSystems

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 106)
     14.1 More Developments
             14.1.1 New Product Launches
             14.1.2 Partnerships, Agreements, and Collaborations
     14.2 Discussion Guide
     14.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.4 Introduction RT: Real-Time Market Intelligence
     14.5 Available Customizations
     14.6 Related Reports
     14.7 Author Details


List of Tables (69 Tables)

Table 1 Global Low-Code Development Platform Market Size and Growth, 2015–2022 (USD Million, Y-O-Y %)
Table 2 Innovation Spotlight: Latest Low-Code Development Platform Innovations
Table 3 Low-Code Development Platform Market Size By Component, 2015–2022 (USD Million)
Table 4 Solution: Market Size By Region, 2015–2022 (USD Million)
Table 5 Services: Market Size By Type, 2015–2022 (USD Million)
Table 6 Services: Market Size By Region, 2015–2022 (USD Million)
Table 7 Professional Services Market Size, By Type, 2015–2022 (USD Million)
Table 8 Professional Services Market Size, By Region, 2015–2022 (USD Million)
Table 9 Training and Development Market Size, By Region, 2015–2022 (USD Million)
Table 10 Integration Market Size, By Region, 2015–2022 (USD Million)
Table 11 Support and Maintenance Market Size, By Region, 2015–2022 (USD Million)
Table 12 Managed Services Market Size, By Region, 2015–2022 (USD Million)
Table 13 Market Size By Deployment Mode, 2015–2022 (USD Million)
Table 14 Cloud: Market Size By Region, 2015–2022 (USD Million)
Table 15 On-Premises: Market Size By Region, 2015–2022 (USD Million)
Table 16 Market Size By Organization Size, 2015–2022 (USD Million)
Table 17 Small and Medium-Sized Enterprises: Market Size By Region, 2015–2022 (USD Million)
Table 18 Large Enterprises: Market Size By Region, 2015–2022 (USD Million)
Table 19 Low-Code Development Platform Market Size By Vertical, 2015–2022 (USD Million)
Table 20 Banking, Financial Services, and Insurance: Market Size By Region, 2015–2022 (USD Million)
Table 21 Government: Market Size By Region, 2015–2022 (USD Million)
Table 22 Healthcare and Life Sciences: Market Size By Region, 2015–2022 (USD Million)
Table 23 Education: Market Size By Region, 2015–2022 (USD Million)
Table 24 Media and Entertainment: Market Size By Region, 2015–2022 (USD Million)
Table 25 Retail and Ecommerce: Market Size By Region, 2015–2022 (USD Million)
Table 26 Manufacturing: Market Size By Region, 2015–2022 (USD Million)
Table 27 Telecom and IT: Market Size By Region, 2015–2022 (USD Million)
Table 28 Energy and Utilities: Market Size By Region, 2015–2022 (USD Million)
Table 29 Others: Market Size By Region, 2015–2022 (USD Million)
Table 30 Low-Code Development Platform Market Size, By Region, 2017–2022 (USD Million)
Table 31 North America: Market Size By Country, 2015–2022 (USD Million)
Table 32 North America: Market Size By Component, 2015–2022 (USD Million)
Table 33 North America: Market Size By Service, 2015–2022 (USD Million)
Table 34 North America: Market Size By Professional Service, 2015–2022 (USD Million)
Table 35 North America: Market Size By Deployment Mode, 2015–2022 (USD Million)
Table 36 North America: Market Size By Organization Size, 2015–2022 (USD Million)
Table 37 North America: Market Size By Vertical, 2015–2022 (USD Million)
Table 38 Europe: Low-Code Development Platform Market Size, By Country, 2015–2022 (USD Million)
Table 39 Europe: Market Size By Component, 2015–2022 (USD Million)
Table 40 Europe: Market Size By Service, 2015–2022 (USD Million)
Table 41 Europe: Market Size By Professional Service, 2015–2022 (USD Million)
Table 42 Europe: Market Size By Deployment Mode, 2015–2022 (USD Million)
Table 43 Europe: Market Size By Organization Size, 2015–2022 (USD Million)
Table 44 Europe: Market Size By Vertical, 2015–2022 (USD Million)
Table 45 Asia Pacific: Low-Code Development Platform Market Size, By Country, 2015–2022 (USD Million)
Table 46 Asia Pacific: Market Size By Component, 2015–2022 (USD Million)
Table 47 Asia Pacific: Market Size By Service, 2015–2022 (USD Million)
Table 48 Asia Pacific: Market Size By Professional Service, 2015–2022 (USD Million)
Table 49 Asia Pacific: Market Size By Deployment Mode, 2015–2022 (USD Million)
Table 50 Asia Pacific: Market Size By Organization Size, 2015–2022 (USD Million)
Table 51 Asia Pacific: Market Size By Vertical, 2015–2022 (USD Million)
Table 52 Middle East and Africa: Low-Code Development Platform Market Size, By Sub-Region, 2015–2022 (USD Million)
Table 53 Middle East and Africa: Market Size By Component, 2015–2022 (USD Million)
Table 54 Middle East and Africa: Market Size By Service, 2015–2022 (USD Million)
Table 55 Middle East and Africa: Market Size By Professional Service, 2015–2022 (USD Million)
Table 56 Middle East and Africa: Market Size By Deployment Mode, 2015–2022 (USD Million)
Table 57 Middle East and Africa: Market Size By Organization Size, 2015–2022 (USD Million)
Table 58 Middle East and Africa: Market Size By Vertical, 2015–2022 (USD Million)
Table 59 Latin America: Low-Code Development Platform Market Size, By Country, 2015–2022 (USD Million)
Table 60 Latin America: Market Size By Component, 2015–2022 (USD Million)
Table 61 Latin America: Market Size By Service, 2015–2022 (USD Million)
Table 62 Latin America: Market Size By Professional Service, 2015–2022 (USD Million)
Table 63 Latin America: Market Size By Deployment Mode, 2015–2022 (USD Million)
Table 64 Latin America: Market Size By Organization Size, 2015–2022 (USD Million)
Table 65 Latin America: Market Size By Vertical, 2015–2022 (USD Million)
Table 66 New Product Launches, 2017
Table 67 Partnerships, Agreements, and Collaborations, 2017
Table 68 Business Expansions, 2015–2017
Table 69 Mergers and Acquisitions, 2016–2017


List of Figures (34 Figures)

Figure 1 Global Low-Code Development Platform Market Segmentation
Figure 2 Regional Scope
Figure 3 Global Market Research Design
Figure 4 Data Triangulation
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Assumptions
Figure 8 Market Size By Component, 2017 vs 2022 (USD Million)
Figure 9 Market Size By Organization Size, 2017 vs 2022 (USD Million)
Figure 10 Market Size By Deployment Mode, 2017 vs 2022 (USD Million)
Figure 11 Market Size By Region
Figure 12 Increasing Demand for Customized Enterprise Applications and Low Cost of Development Among Enterprises is Expected to Drive the Overall Growth of the Market During the Forecast Period
Figure 13 Asia Pacific is Expected to Witness the Highest Growth Rate During the Forecast Period
Figure 14 Telecom and IT Vertical is Expected to Have the Highest Growth Rate During the Forecast Period
Figure 15 Market Investment Scenario: Asia Pacific is Expected to Rise as the Best Market for Investment in the Next 5 Years
Figure 16 Low-Code Development Platform Market: Drivers, Restraints, Opportunities, and Challenges
Figure 17 Solution Segment is Expected to Exhibit the Higher CAGR During the Forecast Period
Figure 18 Cloud Deployment Mode is Expected to Exhibit the Higher CAGR During the Forecast Period
Figure 19 Small and Medium-Sized Enterprises Segment is Expected to Exhibit the Higher CAGR During the Forecast Period
Figure 20 Telecom and IT Vertical is Expected to Have the Highest CAGR During the Forecast Period
Figure 21 Asia Pacific is Expected to Exhibit the Highest CAGR During the Forecast Period
Figure 22 Asia Pacific is Expected to Have the Highest CAGR During the Forecast Period
Figure 23 North America: Market Snapshot
Figure 24 Asia Pacific: Market Snapshot
Figure 25 Key Developments By Leading Players in the Low-Code Development Platform Market During 2015–2017
Figure 26 Market Evaluation Framework
Figure 27 Appian: Company Snapshot
Figure 28 Appian: SWOT Analysis
Figure 29 Salesforce: Company Snapshot
Figure 30 Salesforce: SWOT Analysis
Figure 31 Servicenow: Company Snapshot
Figure 32 Servicenow: SWOT Analysis
Figure 33 Agilepoint: SWOT Analysis
Figure 34 Bizagi: SWOT Analysis

MarketsandMarkets expects the global low-code development platform market size to grow from USD 4.32 Billion in 2017 to USD 27.23 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 44.49% during the forecast period. The constant increase in demand for software automation and innovative applications, along with the ease of development of web and mobile apps, is expected to have led enterprises of all sizes to adopt the low-code development platform. Moreover, the cloud-based deployment mode is gaining high traction in the market, as it requires less capital investment, helps decrease the operational and maintenance costs, and reduces the management’s efforts. The cloud-based low-code development platform is customized and customers can start or stop any service, at their will. The low-code development platform helps organizations design and develop robust web and mobile applications at a lower cost and higher speed.

The low-code development platform can be deployed on-premises as well as on cloud. The cloud-based deployment mode of the low-code development platform is expected to dominate the low-code development platform market and estimated to hold a larger market share in 2017. The cloud deployment mode of the market is expected to play a key role in changing the market’s landscape. It is projected to grow at a higher CAGR during the forecast period, as global organizations are highly proactive and rapidly developing applications at lower costs.

The telecom and IT vertical is expected to grow at the fastest rate in the low-code development platform market, as the companies in this vertical are technologically evolving. The vertical also remains to be the early adopter of innovative technological solutions. The IT and telecom companies are deploying a large number of services using the web and mobile applications.

Low-Code Development Platform Market

North America is estimated to hold the largest market size in 2017. The increasing penetration of the internet and the growth in the deployment of web and mobile applications for business operations are said to be driving the need for the low-code development platform. Furthermore, the rapid economic growth in the major countries, along with the need for quickly developing application is said to be driving the growth of the low-code development platform market growth in APAC. In Latin America, the Small and Medium-sized Enterprises (SMEs) as well as large enterprises belonging to a range of verticals, such as Banking, Financial Services, and Insurance (BFSI); government defense; and IT and telecommunications are expected to increase their investments toward the adoption of the low-code development platform and its associated services.

With the advent of such enterprise applications facilitated by the low-code development platform, the dependency of the organization over the professional developers is predicted to slowly lose importance. This will have a slow but adverse effect on the IT teams of the organizations, as enterprises might look forward to reduce their IT spending and their technical staff of programmers. Hence, the IT personnel of the organizations oppose to the implementation of the low-code development platform. Such attitude of the IT teams in organizations might limit the adoption of the low-code development platform.

On the other hand, the rising demand for software automation and innovative applications is expected to provide significant growth opportunities to the low-code development platform vendors. There are several established players in this market, such as Appian Corporation (US), Salesforce (US), ServiceNow, Inc. (US), AgilePoint, Inc. (US), Bizagi (UK), Caspio, Inc. (US), K2 (US), MatsSoft Limited (UK), Mendix (US), and OutSystems (US).

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

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